change home insurance, mortgage implications

[Amateur]

I recently changed the company I have my home insured with. I am not sure, but do I need to make my mortgage company aware of this change?

 

[horusd]

Yes. You need to have their interest noted on the policy. They may have specific forms for this.

 

[hastalavista]

its normally one of the questions on the form. If not the lender will pick it up as the old insurer will advise of cancellation

 

[ClubMan]

As mentioned above the lender's interest in the property must be noted on the policy document/schedule by the insurer. The lender will also then need a letter of indemnity from the insurer. I can't remember if the insurer sends this directly to the lender or if it sends it to the policyholder who then must send it onto the lender. I think it's the latter since I don't recall the insurer asking for mortgage account number etc.